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Southern Copper Corp (SCCO) |
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SCCO's Net Income Growth by Quarter and Year
Southern Copper's Net Income results by quarter and year
Select the Comparisons :
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Select the Ratio:
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SCCO Net Income (in millions $) |
FY 2023 |
FY 2022 |
FY 2021 |
FY 2020 |
IV Quarter |
December |
447.20
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905.10
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836.50
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592.60
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III Quarter |
September |
622.00
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520.90
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871.20
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508.10
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II Quarter |
June |
549.60
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434.20
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936.40
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260.90
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I Quarter |
March |
815.90
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787.80
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767.10
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216.20
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FY |
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2,434.70
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2,648.00
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3,411.20
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1,577.80
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SCCO Net Income fourth quarter 2023 Y/Y Growth Comment |
Southern Copper Corp reported drop in Net Income in the fourth quarter 2023 by -50.59% to $ 447.20 millions, from the same quarter in 2022. The fall in the fourth quarter 2023 Southern Copper Corp's Net Income compares unfavorably to the Company's average Net Income increase of 19.07%.
Looking into fourth quarter 2023 results within Metal Mining industry 2 other companies have achieved higher Net Income growth. While Southern Copper Corp' s Net Income meltdown of -50.59% ranks overall at the positon no. 712 in the fourth quarter 2023.
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SCCO Net Income ( Y/Y Growth %) |
2023
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2022 |
2021 |
2020 |
IV Quarter |
December |
-50.59 % |
8.2 % |
41.16 % |
93.03 % |
III Quarter |
September |
19.41 % |
-40.21 % |
71.46 % |
29.85 % |
II Quarter |
June |
26.58 % |
-53.63 % |
258.91 % |
-35.48 % |
I Quarter |
March |
3.57 % |
2.7 % |
254.81 % |
-44.45 % |
FY |
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-8.06 % |
-22.37 % |
116.2 % |
5.76 % |
SCCO Net Income (Quarter on Quarter Growth %) |
2023
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2022 |
2021 |
2020 |
IV Quarter |
December |
-28.1 % |
73.76 % |
-3.98 % |
16.63 % |
III Quarter |
September |
13.17 % |
19.97 % |
-6.96 % |
94.75 % |
II Quarter |
June |
-32.64 % |
-44.88 % |
22.07 % |
20.68 % |
I Quarter |
March |
-9.86 % |
-5.82 % |
29.45 % |
-29.58 % |
FY (Year on Year) |
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-8.06 % |
-22.37 % |
116.2 % |
5.76 % |
Net Income Y/Y Growth Statistics |
High |
Average |
Low |
145.11 % |
19.07 % |
-54.6 % |
(Sep 30 2021) |
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(June 30. 2016) |
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Net Income Y/Y Growth Statistics |
High |
Average |
Low |
145.11 % |
19.07 % |
-54.6 % |
(Sep 30 2021) |
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(June 30. 2016) |
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Net Income by Quarter for the Fiscal Years 2020, 2021, 2022, 2023 |
Southern Copper's Q/Q Net Income Growth
Net Income Q/Q Growth Statistics |
High |
Average |
Low |
1222.65 % |
32.85 % |
-85.88 % |
(Mar 31 2016) |
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SCCO's IV. Quarter Q/Q Net Income Comment |
In the IV. Quarter 2023 Southern Copper Corp disclosed fall in Net Income from the third quarter by -28.1% to $ 447.20 millions, from $ 622.00 millions declared in the previous reporting period.
Some seasonal circumstance that usually energize IV. Quarter 2023 results, were not able to rescue the IV. Quarter for the Southern Copper Corp, Ishaan Subramanium , Metal Mining industry veteran pointed out, he detected new headwinds down the road for Southern Copper and mentioned that average quarter on quarter Net Income growth is at 32.85% for Southern Copper.
Within Metal Mining industry 3 other companies have achieved higher Net Income quarter on quarter growth. While Southern Copper's Net Income growth quarter on quarter, overall rank is 1068. |
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Net Income Q/Q Growth Statistics |
High |
Average |
Low |
1222.65 % |
32.85 % |
-85.88 % |
(Mar 31 2016) |
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SCCO's IV. Quarter Q/Q Net Income Comment |
In the IV. Quarter 2023 Southern Copper Corp realized fall in Net Income sequentially by -28.1% to $ 447.20 millions, from $ 622.00 millions released in the previous reporting period.
Albeit seasonal influence usually elevate IV. Quarter 2023 results, this simply was not enough to rescue SCCO's achievement, Ishaan Subramanium , Metal Mining industry veteran pointed out.
Within Metal Mining industry 3 other companies have achieved higher Net Income quarter on quarter growth. While Southern Copper's Net Income growth quarter on quarter, overall rank is 1068. |
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Southern Copper's 12 Months Net Income Growth Year on Year
Net Income TTM Growth |
12 Months Ending (Dec 31 2023) |
12 Months Ending (Sep 30 2023) |
12 Months Ending (Jun 30 2023) |
12 Months Ending (Mar 31 2023) |
12 Months Ending (Dec 31 2022) |
Cumulative Net Income 12 Months Ending |
$ 2,434.70 |
$ 2,892.60 |
$ 2,791.50 |
$ 2,676.10 |
$ 2,648.00 |
Y / Y Net Income Growth (TTM) |
-8.06 % |
12.14 % |
-4.72 % |
-22.02 % |
-22.37 % |
Year on Year Net Income Growth Overall
Ranking |
# 1018 |
# 713 |
# 579 |
# 379 |
# 189 |
Seqeuential Net Income Change (TTM) |
-15.83 % |
3.62 % |
4.31 % |
1.06 % |
2.66 % |
Seq. Net Income Growth (TTM) Overall
Ranking |
# 712 |
# 653 |
# 803 |
# 976 |
# 752 |
Cumulative Net Income growth
Comment |
For the 12 months ended Dec 31 2023 Southern Copper reported a decrease in Net Income by -8.06% year on year, to $2,435 millions, compare to the 12.14% growth at Sep 30 2023.
In the Basic Materials sector 69 other companies have achieved higher trailing twelve month Net Income growth. While Net Income growth total ranking has deteriorated compare to previous quarter from 713 to 1018. |
Net Income TTM Q/Q Growth Statistics |
High |
Average |
Low |
145.11 % |
19.07 % |
-54.6 % |
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Net Income TTM Y/Y Growth Statistics |
High |
Average |
Low |
145.11 % |
19.07 % |
-54.6 % |
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Net Income TTM Q/Q Growth Company Ranking |
Within: |
No. |
Industry |
# 3 |
Sector |
# 52 |
S&P 500 |
# 712 |
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Cumulative Net Income growth
Comment |
For the 12 months ended Dec 31 2023 Southern Copper reported a decrease in Net Income by -8.06% year on year, to $2,435 millions, compare to the 12.14% growth at Sep 30 2023.
In the Basic Materials sector 69 other companies have achieved higher trailing twelve month Net Income growth. While Net Income growth total ranking has deteriorated compare to previous quarter from 713 to 1018. |
Net Income TTM Q/Q Growth Statistics |
High |
Average |
Low |
145.11 % |
19.07 % |
-54.6 % |
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Net Income TTM Y/Y Growth Statistics |
High |
Average |
Low |
145.11 % |
19.07 % |
-54.6 % |
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Net Income TTM Q/Q Growth Company Ranking |
Within: |
No. |
Industry |
# 3 |
Sector |
# 52 |
S&P 500 |
# 712 |
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